You just received a bonus of β$4 comma 000. a. Calculate the future value of β$4 comma 000β, given that it will be held in the bank for 7 years and earn an annual interest rate of 5 percent. b. Recalculate part β(aβ) using a compounding period that isβ (1) semiannual andβ (2) bimonthly. c. Recalculate parts β(aβ) and β(bβ) using an annual interest rate of 10 percent. d. Recalculate part β(aβ) using a time horizon of 14 years at an annual interest rate of 5 percent. e. What conclusions can you draw when you compare the answers in parts β(cβ) and β(dβ) with the answers in parts β(aβ) and β(bβ)?